1173 N Mayfair Avenue
- 5.7% CAP Rate on Current Rents
- 67% Two Bedroom Units
- Copper Plumbing
- New Garage Doors, Deck/Railings & Stairs, Irrigation & Landscaping, Newer Widows & Water Heaters
- Garages, On-Site Laundry
Property Description
Presenting a well-maintained 6-unit apartment complex in the heart of Anaheim, ideally positioned on a prominent corner lot. The property features a desirable unit mix of four spacious 2BR/1BA units and two 1BR/1BA units, totaling 5,028 rentable square feet. Tenants benefit from convenient amenities including on-site laundry, individual hot water heaters, six private garages, and two open parking spaces. The property currently generates a solid 5.7% CAP rate with clear upside in rental income as units turnover. Significant capital improvements have been completed, reducing future maintenance costs and boosting long-term value. Located in a strong rental market with close proximity to major employment centers, schools, and freeways, this asset offers investors stable income, long-term appreciation potential, and the ability to further enhance value through rental growth. Anaheim’s robust tenant demand and investor-friendly fundamentals make this an ideal addition to any multifamily portfolio.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,895,000 |
| No. of Units: | 6 |
| Year Built: | 1957 |
| Lot Size: | 0.21 Acres |
| Opportunity Zone: | No |
| Price per unit: | $315,833 |
| Property Website | Click Here |
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Jared Ennis
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Rick Recckio
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Essex Property Trust, Inc.
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Josh A
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Bob Tuteur
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Andrew Schildcrout